Dewey Reaches $19.5M Settlement With Ex-Chairman, Insurer

Law360, New York (April 23, 2013, 1:48 PM EDT) -- The embattled ex-chairman of bankrupt Dewey & LeBoeuf LLP agreed Monday to pay about $500,000 to settle mismanagement claims arising from the firm’s downfall, while his professional liability insurer agreed to cough up $19 million.

The agreement, submitted to U.S. Bankruptcy Judge Martin Glenn in New York, settles claims between ex-Dewey Chief Steven H. Davis, Dewey’s insurer XL Specialty Insurance Co. and the firm’s liquidating trust.

“The liquidating trustee submits that the settlement agreement is a substantially more favorable result than litigation,” said the motion to...
To view the full article, register now.




Case Information

Case Title

In Re: Dewey & LeBoeuf LLP

Case Number



New York Southern

Nature of Suit

Bankruptcy Appeal (801)


Naomi Reice Buchwald

Date Filed

November 28, 2012

Law Firms

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.